Early Journal Content on JSTOR, Free to Anyone in the World
This article is one of nearly 500,000 scholarly works digitized and made freely available to everyone in
the world by JSTOR.
Known as the Early Journal Content, this set of works include research articles, news, letters, and other
writings published in more than 200 of the oldest leading academic journals. The works date from the
mid-seventeenth to the early twentieth centuries.
We encourage people to read and share the Early Journal Content openly and to tell others that this
resource exists. People may post this content online or redistribute in any way for non-commercial
Read more about Early Journal Content at http://about.jstor.org/participate-jstor/individuals/early-
JSTOR is a digital library of academic journals, books, and primary source objects. JSTOR helps people
discover, use, and build upon a wide range of content through a powerful research and teaching
platform, and preserves this content for future generations. JSTOR is part of ITHAKA, a not-for-profit
organization that also includes Ithaka S+R and Portico. For more information about JSTOR, please
476 JOURNAL OF POLITICAL ECONOMY
is one of the most interesting. Here we have an account of the efforts of
Philadelphia and Baltimore to secure the trade of the Susquehanna, and of
these towns and New York to capture that of the Middle West. This competition
was active in the days of canals, and was intensified when the construction of
railroads threatened to deprive New York of the advantage given her by the
Erie canal. But not only was there rivalry between the seaboard cities, but
Troy and Albany, Nashville and Chattanooga, Cincinnati and Louisville, not to
mention other places, fought vigorously for rail connections in order to pre-
serve their commercial lives. These conflicting interests, stimulated by the
persuasive appeals of railroad promoters, led naturally to local and state aid,
which took the form of subsidies, grants of lands, subscriptions, exemptions,
and the like. The authors have ransacked the reports of state officers, the files
of contemporary papers, the testimony before and proceedings of official bodies,
the statutes of the different states, and other sources in order to secure trust-
worthy data as to the forms and amount of this aid, and have been able to
condense the result of much laborious research into convenient form. Finally,
they describe the part which the national government took in facilitating the
construction of numerous enterprises of which the Pacific railroads were the
most important. All this treatment is detailed, specific, and useful.
Besides the chapters which have been mentioned there is some dis-
cussion of railroad promotion in general and a good critical bibliography. The
book is distinctly serviceable, and can be recommended.
Wealth and Want. A Study in Living Contrasts and Social Problems. By
W. B. Noethrup. London : Francis Griffiths, 1909. 8vo, pp. 334.
The author of this work, leading up to the theory that abolition of private
property in land is the only way of social justice, presents a series of con-
trasts, in words and in pictures, designed to show the gulf that is fixed between
the lives of the very rich and the lives of the very poor. Eccentric in his
urgency and naive in his implications that land-ownership is the source of
every evil, he is obviously earnest and sincere. One must dispute the conclu-
siveness of the pictorial arguments presented ; but undeniably such contrasts
as these photographs reveal set one seriously to thinking.
Unemployment: a Problem in Industry. By W. H. Beveridge. London
and New York: Longmans, Green & Co., 1909. 8vo, pp. xvi+317.
Problems of Unemployment in the London Building Trades. By Norman
B. Dearle, with an Introduction by L. L. Price. London : J. M. Dent
& Co. 8vo, pp. xviii+215. 2 s - 6d.
It is one of the encouraging signs of the times that intelligent people are
beginning to question the inevitableness of unemployment as a matter-of-course
accompaniment of our competitive industrial system. These two books will be
cordially welcomed by students of the labor problem everywhere, coming as